Dear traders: Gold is currently hovering around 2680, maintaining a bullish structure. However, based on the current price action characteristics, I am hesitant to continue chasing long positions. Over the past two days, there has been significant volatility, with many false signals emerging, making me cautious about blindly going long on gold. With the NFP and unemployment rate data set to be released in 30min, I believe that even if gold continues its upward trend, the news-driven market may first flush out many lower-level long positions. As a result, gold could experience a pullback before resuming its trajectory. So in short-term trading, I will still choose to short gold in the 2680-2690 zone first, with the target pointing to the 2660-2650 region.Bros, are you optimistic about the decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
The reason for this setup is the rejection from the liquidity area or if it break and sustain over the certain area. It'll go up
At the recent trend line price breakout @ 195.476, which serve as OB on Demand and supply analysis Entry sell trade should be considered @ 195.470 Sl. 197.650 Tp. 192.350 Tp2. 190.320 Tp3. 188.250 This is not a clear financial advice or decision taking, analysis is base on personal information and suggestions
Following my previous idea on NASDAQ:BLRX we're now forming a wedge with a local bullish divergence. First target would be range high around $0.19. If we break it and retest that level, we can aim for a (partial) gap fill and a local bullish trend. First we need a break from the wedge. To be continued, but remain of opinion that this is an area of good value, given its trading well below the latest funding round of $0.20 per share.
hi everyone,This is gbp/chf after break last swing low and making a pullback there is high probability that price will continue with it's direction after fill the imbalance to the upside.
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